Oppenheimer Asset Management Inc. Grows Position in National Storage Affiliates Trust (NYSE:NSA)

Oppenheimer Asset Management Inc. raised its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 9.3% during the 4th quarter, Holdings Channel reports. The fund owned 89,852 shares of the real estate investment trust’s stock after purchasing an additional 7,655 shares during the period. Oppenheimer Asset Management Inc.’s holdings in National Storage Affiliates Trust were worth $3,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new stake in National Storage Affiliates Trust in the third quarter worth $25,000. Versant Capital Management Inc grew its stake in shares of National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 514 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of National Storage Affiliates Trust in the 3rd quarter worth about $29,000. Venturi Wealth Management LLC raised its position in shares of National Storage Affiliates Trust by 514.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 1,215 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of National Storage Affiliates Trust by 29.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,764 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 626 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $38.61 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock’s fifty day moving average is $37.42 and its two-hundred day moving average is $42.04. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44. The company has a market capitalization of $2.94 billion, a PE ratio of 22.58 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. As a group, analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 133.33%.

Analysts Set New Price Targets

NSA has been the topic of several analyst reports. Barclays reduced their price objective on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their target price for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Robert W. Baird raised their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company cut their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.56.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.